Celsius halted withdrawals for customers last week due to “extreme market conditions.”
Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations.The cryptocurrency market has seen billions of dollars of value wiped off in the last few weeks, with bitcoin falling below the $20,000 mark over the weekend, hitting a number of companies.
Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen billions of dollars of value wiped off in the last few weeks, with bitcoinCelsius offers high yields to users who deposit their crypto with the company by lending it out to other institutions to generate a profit.
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Crypto lending platform Celsius says it'll 'take time' to stabilize its liquidityA week after freezing withdrawals, embattled crypto lending platform Celsius Networks said Sunday that that it will “take time” to stabilize its liquidity and operations.
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A crypto lending app tried to take over a 'whale' account to stop it from collapsing the systemIt's an unprecedented move in world of DeFi, which aims to recreate lending and other financial services without the involvement of intermediaries like banks.
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Bitcoin drops below $20,000 as crypto selloff quickensThe last time bitcoin was this low was in November 2020, when it was on its way up to its all-time high of nearly $69,000, according to CoinDesk. Many in
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Bitcoin drops below $20,000 as crypto selloff quickensThe last time bitcoin was this low was in November 2020, when it was on its way up to its all-time high of nearly $69,000, according to CoinDesk. Many in the industry had believed it would not fall under $20,000.
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Bitcoin drops below $20,000 as crypto crash continuesPrice of bitcoin drops below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening
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Bitcoin drops below $20,000 as crypto selloff quickensThe price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping by as much as 9% to less than $19,000 and hovering around that mark, according to the cryptocurrency news site CoinDesk. The last time bitcoin was at that level was in November 2020, when it was on its way up to its all-time high of nearly $69,000, according to CoinDesk.
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